1.MICROSOFT:- Microsoft Corp is buying “Call of Duty” maker Activision Blizzard for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future. The deal announced by Microsoft on Tuesday, its biggest-ever and set to be the largest all-cash acquisition...
1.CREDIT SUISSE:–Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of COVID-19 rules, raising questions over the embattled lender’s new strategy as it tries to recover from a string of scandals. His exit comes less than a year after he was...
TOP 5 STOCKS TO WATCHOUT:- HSBC:-The co-head of HSBC’s investment bank Georges Elhedery will take a 6-month sabbatical from the bank starting in March, according to an internal memo seen by Reuters on Friday. Greg Guyett, who co-heads the Global Banking and Markets business with Elhedery, will take over...
1.TESLA:–Tesla Inc is “still working through a lot of challenges with the government” in India, its billionaire chief executive Elon Musk said on Twitter on Thursday, responding to a question on when it would launch its electric cars in the country. Tesla had plans to begin selling imported cars...
1.TOSHIBA:–Toshiba Corp’s proposal to split itself into three companies won’t solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan’s largest pension funds. Ken Hokugo, corporate governance director at the Pension Fund Association (PFA), said...
1.TESLA:–U.S. electric vehicle maker Tesla Inc sold 70,847 China-made vehicles in December, the highest monthly rate since it started manufacturing in Shanghai in 2019, data from the China Passenger Car Association (CPCA) showed on Tuesday. Tesla’s December sales, which included 245 for export, were almost three times the amount...
1.EVERGRANDE-Cash-strapped property firm China Evergrande Group has left what has been its headquarters in the city of Shenzhen and relocated to nearby Guangzhou, Chinese media outlet The Paper reported on Monday, citing people familiar with the matter. On Monday afternoon, the company’s logo had been partially removed on one...
1.TOSHIBA-The second-largest investor in Japan’s Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan that has angered some major overseas shareholders. The proposal by Singapore-based hedge fund 3D Investment Partners marks the latest in...
1.SONY-Japan’s Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility. The new company, Sony Mobility Inc, comes as the Japanese tech giant is “exploring...
1.DYSON–Dyson’s Malaysian supplier ATA IMS Bhd will work with the national human rights institution to improve its environmental, labour and social and governance (ESG) practices, the parts maker said on Monday. The electronics manufacturing services company said it will work with the Human Rights Commission of Malaysia, known locally...